Why do political conservatives support socialist nuclear power?

It's always puzzled me that people who decry socialism also tend to support nuclear power. Nuclear power loans and insurance come straight from taxpayers. It's basically socialized power, and the countries relying most on nuclear power (France, China, etc.) do so by effecitively socializing the power... show more It's always puzzled me that people who decry socialism also tend to support nuclear power. Nuclear power loans and insurance come straight from taxpayers. It's basically socialized power, and the countries relying most on nuclear power (France, China, etc.) do so by effecitively socializing the power industry. Time has a good story on nuclear power in the US today:

"Since 2008, proposed reactors have been quietly scrapped or suspended in at least nine states — not by safety concerns or hippie sit-ins but by financial realities. Other projects have been delayed as cost estimates have tripled toward $10 billion a reactor, and ratings agencies have downgraded utilities with atomic ambitions."

"Around the world, governments (led by China, with Russia a distant second) are financing 65 new reactors through more explicit nuclear socialism. But private capital still considers atomic energy radioactive, gravitating instead toward natural gas and renewables, whose costs are dropping fast. Nuclear power is expanding only in places where taxpayers and ratepayers can be compelled to foot the bill."
http://www.time.com/time/printout/0,8816...

Electrical utilities can't afford to build $10 billion nuclear power plants without huge loans, which nobody but the government will give them. Insurance companies won't insure nuclear construction projects or plants, so if anything goes wrong during construction or operation, taxpayers foot the bill. There's simply no way to expand nuclear power without effectively socializing it.

So why do conservatives support nuclear socialism?
8 answers 8